PPI Reclaiming discussion Part II

Laini

tiggrae wrote: »

when did you take the loan out ?

SIGNED 25TH NOVEMBER 2006

So paid approx 14 monthly payments this varied as it went up monthly from approx 700.00 to 900.00 per month including PPI

hope this helps
Laini xxx

georgiajam

have gone for the mis selling route, original loan was in 2002, due to divorce restructured loan in 2003 to make monthly payments lower, took PPi off in october 07 and had to restructure loan again They paid me a part refund which I took off the loan . FOS are saying that they need a final letter saying the claim is closed and to refer it to them, am hoping that a nudge from FOS will push them into something definate as the two letters from FD seem to be standard and very patronising, the second reply said that i had approached them on the restructure not the other way round!

daniellepem

if the loan is still outstanding will they credit the PPI payments back to the loan or send me the money do i have a choice x

tiggrae

Laini wrote: »

SIGNED 25TH NOVEMBER 2006

So paid approx 14 monthly payments this varied as it went up monthly from approx 700.00 to 900.00 per month including PPI

hope this helps
Laini xxx

Hi - I've worked out that the ppi is about 20% of the total, therefore for each monthly payment you've made since you took out the loan you need to work out 20% - that will give you the amount you've been paying for the PPI element

lemonhead_4

Hi all

I have a few cards which had PPI on. I now have an arrangement with these companies to pay less than the minimum as i could not afford to pay but this was not due to losing my job etc, they have stopped the interest as well. I want to know if i can still try and claim the PPI back from the days when i did pay my card as normal. Some of them where mis sold but i wounder if this will cause probs with the arrangement i have with them, does anyone have any ideas?

whodoitaketocourt

Hi,
I'm trying to reclaim PPI totalling £6405.20 PPI on a secured loan taken out with First National in June 2000. I was told I would not get the loan without PPI, the PPI covered only 5 years of a 15 year loan and coverewd only me rather than myself and my wife (the loan was in joint names). The loan was paid off in full in August 2006. First National is now owned by GE Money, but the original broker was actually a company called Personal Loans UK.

I have hit a bit of a brick wall after doing the usual first and second letetrs etc. They will not listen to the FOS or FSA as neither were members when the loan was taken out. I am left with just the court route.

GE Moiney passed the buck to personal loans UK who I eventually threatened with court action. this got their attention, but they said that as the contract signed was actually between us and First National (now GE Money), action should be against GE Money and not them.

So I have the company and the broker blaming each other.

Can anyone please advise which of the 2 is responsible and should be listed as the defendant in MCOL ?

Thanks

Confused

Kaia_2

Hi tiggrae..
You told me previously to contact the lender and ask for a breakdown of figures....I didnt think they would be very obliging being as I am going to reclaim this money back from them( well not directly from them, but from the broker in fact)....Had an afternoon off today so thought, what the heck...will ring up and see what they say....
A VERY nice lady said she would do the calculation for me and ring me back, which she did in 10 minutes....amazing!
So, just to check I have the correct info now to proceed.....
My PPI premium was £2021.33 and she has worked out the total interest I have paid on this amount to date which is £1819.77, so ...the total is.....£3841.10

So £3841.10 divide by 60 gives £64.01 which I believe is the monthly PPI premium....
so now put that figure through Martins calculator to arrive at my final claim figure?
Is that right?
Phew....I think I've got there at last!!!!!

tate

Hi
Can any one help?
I sent off the 1st letter at the beginning of March to start the ball rolling to reclaim my PPI on my loan. Still no reply...

The question I have is that if I settle my loan during this process will I still be able to complete this process and reclaim the PPI?

any help gratefully received...
Thanks

tiggrae

whodoitaketocourt wrote: »

Hi,
I'm trying to reclaim PPI totalling £6405.20 PPI on a secured loan taken out with First National in June 2000. I was told I would not get the loan without PPI, the PPI covered only 5 years of a 15 year loan and coverewd only me rather than myself and my wife (the loan was in joint names). The loan was paid off in full in August 2006. First National is now owned by GE Money, but the original broker was actually a company called Personal Loans UK.

I have hit a bit of a brick wall after doing the usual first and second letetrs etc. They will not listen to the FOS or FSA as neither were members when the loan was taken out. I am left with just the court route.

GE Moiney passed the buck to personal loans UK who I eventually threatened with court action. this got their attention, but they said that as the contract signed was actually between us and First National (now GE Money), action should be against GE Money and not them.

So I have the company and the broker blaming each other.

Can anyone please advise which of the 2 is responsible and should be listed as the defendant in MCOL ?

Thanks

Confused

If it's a claim for mis selling it's ALWAYS the person / company who sold you the policy in the first place which would have been your broker

tiggrae

Kaia wrote: »

Hi tiggrae..
You told me previously to contact the lender and ask for a breakdown of figures....I didnt think they would be very obliging being as I am going to reclaim this money back from them( well not directly from them, but from the broker in fact)....Had an afternoon off today so thought, what the heck...will ring up and see what they say....
A VERY nice lady said she would do the calculation for me and ring me back, which she did in 10 minutes....amazing!
So, just to check I have the correct info now to proceed.....
My PPI premium was £2021.33 and she has worked out the total interest I have paid on this amount to date which is £1819.77, so ...the total is.....£3841.10

So £3841.10 divide by 60 gives £64.01 which I believe is the monthly PPI premium....
so now put that figure through Martins calculator to arrive at my final claim figure?
Is that right?
Phew....I think I've got there at last!!!!!

you've got it !!!! :rotfl: